American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Inflation
RILGX Fund  USD 9.34  0.01  0.11%   
The current 90-days correlation between American Funds Inflation and Aim Counselor Series is 0.47 (i.e., Very weak diversification). The correlation of American Funds is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

American Funds Correlation With Market

Average diversification

The correlation between American Funds Inflation and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Inflation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds Inflation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with American Mutual Fund

  0.81AMECX Income FundPairCorr
  0.76RNCCX American Funds IncomePairCorr
  0.94FPPPX American Funds PresePairCorr
  0.84AMEFX Income FundPairCorr
  0.88AMHIX American High IncomePairCorr
  0.72TEBCX Tax Exempt BondPairCorr
  0.7TECCX Tax Exempt FundPairCorr
  0.79TEAFX Tax Exempt BondPairCorr
  0.77FPTPX American Funds ConsePairCorr
  0.76TECFX Tax Exempt FundPairCorr
  0.78TEFEX Tax Exempt FundPairCorr
  0.83RNRPX American Funds RetirementPairCorr
  0.97AMUSX Us Government SecuritiesPairCorr
  0.96TEPCX American Funds TaxPairCorr
  0.97TEPAX American Funds TaxPairCorr
  0.97TEPFX American Funds TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Funds Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze American Funds' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY